World’s Tools for Humanity Acquires Dawn Wallet

Tools for Humanity (TFH), the developer behind Worldcoin, has bought Dawn Wallet, a user-friendly iOS Ethereum wallet. According to the announcement, this acquisition will enhance the financial tools of the World App, which aims to provide digital identity and financial services globally.

Benefits of Dawn Wallet Acquisition

Dawn is a simple crypto wallet that helps users send, receive, and manage digital assets on the Ethereum blockchain and popular Layer 2 networks. Now that the acquisition is complete, Dawn’s wallet will close, and its technology will be integrated into the World App ecosystem.

Tools for Humanity also announced that Tom Waite and Isaac Rodriguez, Dawn’s co-founders, will hold senior roles in the company. They will lead the integration of Dawn’s wallet engine and new user experience features into the World App. Importantly, the duo will develop new financial features for users worldwide.

It is also worth noting that acquiring the Dawn wallet will help TFH  create fair financial systems based on verified human identities. World App will act as a central hub for managing identity and finance. 

With Dawn’s features, users can make crypto transactions faster, safer, and easier, especially in emerging markets where getting financial services remains a challenge.

Worldcoin’s Tools for Humanity Bags New Partnerships

A week after suspending its orb verification function in India, Brazil, and France, Worldcoin launched the same service in Singapore. 

As reported by TheCoinRise, individuals in Singapore can “verify their unique humanness at an Orb” as part of the “latest sign of growing global interest in proof of personhood and the Worldcoin project.”

Apart from the World ID verification in Singapore, Tools for Humanity is now a member og ACCESS and the Singapore Fintech Association (SFA), two of Singapore’s most respected startup and tech associations. Likewise, Worldcoin has garnered substantial support in Spain.

Worldcoin Re-emerges After Crypto Downtrend

Worldcoin has existed since 2019, when Sam Altman and Alex Blania co-founded it. Since then, it has maintained a low profile until the launch of the Artificial Intelligence (AI) chat, also known as ChatGPT, which became a global sensation.

However, it has made a revolutionary reintroduction when the crypto industry is trying to recover from the bear market that it suffered in 2022. 

This is in addition to the inglorious collapse and bankruptcy filing of the FTX exchange in November 2022. Meanwhile, in May, the OpenAI CEO said he is inching towards securing up to $100 million for his Worldcoin Crypto Project, Worldcoin.

The project is about leveraging iris-scanning technology to design a secure global cryptocurrency.